6550 LamplightAlbertville, MN 55301

  • Turn key restaurants
  • 6,458 SF
Off market
$1,663,800 Estimated

Property Details for 6550 Lamplight

Year built
2004
Construction
WOOD
Lot size
1.37 AC
Property size (Sq ft)
6,458 SF
Property type
Turn key restaurants
APN
101-099-001050
APU
101099001050

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,745,385
    6.5%
    $1,611,125
    7%
    $1,496,044
  • Comparable approach

    Method
    Valuation
    Relative Method
    $830,633
    Geo Method
    $830,633
  • Alternative Use

    Use
    Valuation
    Residential
    $1,359,044
    Hospitality
    $1,244,877
    Educational
    $1,035,723
    Medical
    $1,071,343
    Retail
    $1,611,125

Location Insight

City
Albertville
County
Wright
State
Minnesota
Latitude
45.2456
Longitude
-93.6625
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$40,954
$661,800
$1,002,000
$1,663,800
-
$661,800
$1,002,000
$1,663,800

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